Indiana, US-based commercial vehicle manufacturer Supreme Industries Inc is about to divest its shuttle-bus business to Elkhart-based recreational vehicle maker Forest River Inc in a deal valued at $7 million.

Hod Hasharon, Israel-based tech startup AtriNet bought itself out of its mother company, Nokia Solutions and Network's (NSN) domestic branch, for an undisclosed amount, to launch as an independent entity and continue the network technology it had developed.

Goldman Sachs and Credit Suisse were hired by Chinese Internet firm Sina to take care of the debut of its microblogging platform Weibo in New York, according to sources interviewed by the Financial Times.

San Francisco, California-based wearable tech firm Basis Science put itself up for sale and is currently in acquisition talks with Google, Apple, Samsung, and Microsoft, according to two sources familiar with the situation.

After the lockup agreements expire tomorrow, Twitter Inc's insiders will have a first chance to sell their stock. The company's shares have more than doubled since its IPO last year, Bloomberg reported.

Giant Interactive Group, a shareholder in Alibaba Group Holding, is selling a stake in the e-commerce company for about $199 million. Giant Interactive's share sale values Alibaba at roughly $128 billion.